Chinese genome sequencing specialist MGI grabs $1b in Series B round led by IDG, CPE

Chinese genome sequencing specialist MGI grabs $1b in Series B round led by IDG, CPE

DNA Genotyping and Sequencing. Source: National Cancer Institute/Unsplash

MGI Tech, an affiliate of Chinese genome sequencing giant BGI Group, announced on Thursday that it has raked in over $1 billion in a Series B round of financing led by Beijing-based investment firm IDG Capital and CPE.